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NAI Hiffman Represents Lionstone Investments in $14,200,000 Sale of The Hastings Center


NAI Hiffman Represents Lionstone Investments in $14,200,000 Sale of The Hastings Center


CHICAGO, IL (March 28, 2016) – Arthur Burrows, Senior Vice President with NAI Hiffman’s Investment Services group, represented Lionstone Investments in the sale of The Hastings Center to a joint venture between Ameritus LLC and Alex. Brown Realty Inc. for $14.2 million.


The Hastings Center, located at 1340 South Damen Avenue in Chicago, is a four-story, 150,815-square-foot multi-tenant loft office building. The asset is in the Illinois Medical District, one of the largest urban healthcare, educational, research and technology districts in the United States, just two miles west of the loop with convenient access to the Eisenhower, Dan Ryan and Kennedy interchange.


The Hastings Center is 82% occupied, anchored by Alegis Care, Fresenius Medical Care, Vitas Health Care Corporation, Illinois Action for Children, and Kaleidoscope. Property highlights include L-shaped floor plates with aggregate 40,000-square-foot floor plates, 431 parking spaces, abundant natural lighting and unobstructed views of the Chicago skyline from the east and north building elevations.


About NAI Hiffman
Comprised of over 150 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 54+ million SF portfolio of over 600 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property.


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